Senate Bill S4540A

2017-2018 Legislative Session

Authorizes participating employers in the New York state and local police and fire retirement system offering 20 year retirement plans to offer such plans on a non-contributory basis

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Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2017-S4540 - Details

See Assembly Version of this Bill:
A8017
Current Committee:
Senate Finance
Law Section:
Retirement and Social Security Law
Laws Affected:
Add Art 26 §§1400 - 1402, R & SS L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7717
2015-2016: S3010, S7023, A9702

2017-S4540 - Summary

Authorizes participating employers in the New York state and local police and fire retirement system offering 20 year retirement plans to offer such plans on a non-contributory basis.

2017-S4540 - Sponsor Memo

2017-S4540 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4540
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 16, 2017
                                ___________
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to amend the retirement and social security law, in  relation  to
   authorizing  participating  employers  in the New York state and local
   police and fire retirement system offering  an  optional  twenty  year
   retirement  plan  for  its  police officers and firefighters, to offer
   such plan on a non-contributory basis
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The retirement and social security law is amended by adding
 a new article 26 to read as follows:
                                ARTICLE 26
                           BENEFIT ENHANCEMENTS
 SECTION 1400. NON-CONTRIBUTORY BASIS.
         1401. COLLECTIVE BARGAINING.
         1402. PAST SERVICE COSTS.
   §  1400. NON-CONTRIBUTORY BASIS. (A) NOTWITHSTANDING THE PROVISIONS OF
 THIS CHAPTER OR ANY OTHER LAW TO THE CONTRARY, A PARTICIPATING  EMPLOYER
 IN  THE  NEW  YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM MAY
 ELECT TO PROVIDE ITS EMPLOYEES WHO ARE MEMBERS OF  THE  OPTIONAL  TWENTY
 YEAR  RETIREMENT PLAN FOR POLICE AND FIREFIGHTERS ELIGIBILITY TO PARTIC-
 IPATE ON A NON-CONTRIBUTORY BASIS.
   (B) NO MEMBER WHO PARTICIPATES  IN  THIS  NON-CONTRIBUTORY  RETIREMENT
 PLAN SHALL BE ENTITLED TO A REFUND OF PREVIOUS CONTRIBUTIONS MADE TO THE
 CONTRIBUTORY TWENTY YEAR RETIREMENT PLAN.
   § 1401. COLLECTIVE BARGAINING. A DEMAND IN COLLECTIVE BARGAINING NEGO-
 TIATIONS FOR THE ADDITIONAL BENEFIT PROVIDED BY SECTION FOURTEEN HUNDRED
 OF  THIS ARTICLE SHALL NOT BE SUBJECT TO THE PROVISIONS OF PARAGRAPH (B)
 OR (C) OF SUBDIVISION FOUR OF SECTION TWO  HUNDRED  NINE  OF  THE  CIVIL
 SERVICE  LAW,  NOR  SHALL  SUCH  DEMAND  BE SUBJECT TO ANY PROVISION FOR
 INTEREST ARBITRATION CONTAINED IN ANY LOCAL LAW, RESOLUTION OR ORDINANCE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2017-S4540A (ACTIVE) - Details

See Assembly Version of this Bill:
A8017
Current Committee:
Senate Finance
Law Section:
Retirement and Social Security Law
Laws Affected:
Add Art 26 §§1400 - 1402, R & SS L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7717
2015-2016: S3010, S7023, A9702

2017-S4540A (ACTIVE) - Summary

Authorizes participating employers in the New York state and local police and fire retirement system offering 20 year retirement plans to offer such plans on a non-contributory basis.

2017-S4540A (ACTIVE) - Sponsor Memo

2017-S4540A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4540--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 16, 2017
                                ___________
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
   accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee
 
 AN  ACT  to amend the retirement and social security law, in relation to
   authorizing participating employers in the New York  state  and  local
   police  and  fire  retirement  system offering an optional twenty year
   retirement plan for its police officers  and  firefighters,  to  offer
   such plan on a non-contributory basis
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The retirement and social security law is amended by adding
 a new article 26 to read as follows:
                                ARTICLE 26
                           BENEFIT ENHANCEMENTS
 SECTION 1400. NON-CONTRIBUTORY BASIS.
         1401. COLLECTIVE BARGAINING.
         1402. PAST SERVICE COSTS.
   § 1400. NON-CONTRIBUTORY BASIS. (A) NOTWITHSTANDING THE PROVISIONS  OF
 THIS  CHAPTER OR ANY OTHER LAW TO THE CONTRARY, A PARTICIPATING EMPLOYER
 IN THE NEW YORK STATE AND LOCAL POLICE AND FIRE  RETIREMENT  SYSTEM  MAY
 ELECT  TO  PROVIDE  ITS EMPLOYEES WHO ARE MEMBERS OF THE OPTIONAL TWENTY
 YEAR RETIREMENT PLAN FOR POLICE AND FIREFIGHTERS ELIGIBILITY TO  PARTIC-
 IPATE ON A NON-CONTRIBUTORY BASIS.
   (B)  NO  MEMBER  WHO  PARTICIPATES IN THIS NON-CONTRIBUTORY RETIREMENT
 PLAN SHALL BE ENTITLED TO A REFUND OF PREVIOUS CONTRIBUTIONS MADE TO THE
 CONTRIBUTORY TWENTY YEAR RETIREMENT PLAN.
   § 1401. COLLECTIVE BARGAINING. A DEMAND IN COLLECTIVE BARGAINING NEGO-
 TIATIONS FOR THE ADDITIONAL BENEFIT PROVIDED BY SECTION FOURTEEN HUNDRED

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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